Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 15435 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 15435 (Fairbank, PA) is $1,230 a month. That is down 9.6% from $1,360 in FY 2026. Fairbank is in the Pittsburgh, PA HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 68 ZIP codes in Fayette County, 15435 is tied for the 14th-highest two-bedroom rent (county range $1,010–$1,730). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 15435 is 8% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 15435
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,050
$950
−9.5%
$855–$1,045
1BR
$1,130
$1,020
−9.7%
$918–$1,122
2BR
$1,360
$1,230
−9.6%
$1,107–$1,353
3BR
$1,740
$1,570
−9.8%
$1,413–$1,727
4BR
$1,870
$1,700
−9.1%
$1,530–$1,870
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 15435
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$950
$1,020
$1,230
$1,570
$1,700
FY 2026
$1,050
$1,130
$1,360
$1,740
$1,870
FY 2025
$1,050
$1,120
$1,340
$1,710
$1,840
FY 2024
$880
$930
$1,120
$1,420
$1,550
FY 2023
$850
$890
$1,070
$1,360
$1,490
Two-bedroom rent in nearby Fayette County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 15435?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,230, that basic range is $1,107 to $1,353 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is ZIP 15435 in?
ZIP 15435 is in the Pittsburgh, PA HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in ZIP 15435 for FY 2027?
The two-bedroom FMR fell 9.6%, from $1,360 in FY 2026 to $1,230 in FY 2027. Since FY 2023 it has risen 15.0%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set